Cullen Capital Management LLC Buys 39,241 Shares of Toyota Motor Corporation $TM

Cullen Capital Management LLC increased its stake in Toyota Motor Corporation (NYSE:TM) by 19.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 236,355 shares of the company’s stock after purchasing an additional 39,241 shares during the quarter. Cullen Capital Management LLC’s holdings in Toyota Motor were worth $50,594,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Highline Wealth Partners LLC raised its holdings in Toyota Motor by 92.4% in the 4th quarter. Highline Wealth Partners LLC now owns 152 shares of the company’s stock worth $33,000 after purchasing an additional 73 shares during the period. Cornerstone Planning Group LLC raised its holdings in Toyota Motor by 37.8% in the 4th quarter. Cornerstone Planning Group LLC now owns 175 shares of the company’s stock worth $38,000 after purchasing an additional 48 shares during the period. Larson Financial Group LLC raised its holdings in Toyota Motor by 302.1% in the 4th quarter. Larson Financial Group LLC now owns 189 shares of the company’s stock worth $40,000 after purchasing an additional 142 shares during the period. Activest Wealth Management raised its holdings in Toyota Motor by 10,000.0% in the 4th quarter. Activest Wealth Management now owns 202 shares of the company’s stock worth $43,000 after purchasing an additional 200 shares during the period. Finally, Palisade Asset Management LLC bought a new position in Toyota Motor in the 3rd quarter worth $49,000. 1.48% of the stock is owned by institutional investors.

Toyota Motor Trading Up 0.1%

Shares of TM stock opened at $175.06 on Friday. Toyota Motor Corporation has a 52-week low of $167.18 and a 52-week high of $248.90. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.12 and a current ratio of 1.27. The firm has a market capitalization of $228.16 billion, a PE ratio of 8.94 and a beta of 0.56. The stock has a fifty day simple moving average of $193.36 and a two-hundred day simple moving average of $210.94.

Toyota Motor (NYSE:TM) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $3.80 earnings per share (EPS) for the quarter. Toyota Motor had a return on equity of 9.74% and a net margin of 7.59%.The business had revenue of $76.81 billion during the quarter. On average, analysts predict that Toyota Motor Corporation will post 21.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TM has been the topic of a number of recent research reports. Zacks Research cut Toyota Motor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. DZ Bank raised Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a report on Monday, March 2nd. Freedom Capital raised Toyota Motor from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Toyota Motor in a report on Monday, April 20th. Finally, Erste Group Bank lowered Toyota Motor from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $290.00.

Toyota Motor Company Profile

Toyota Motor Corporation is a global automotive manufacturer headquartered in Toyota City, Aichi, Japan. Founded in 1937 by Kiichiro Toyoda as an offshoot of Toyoda Automatic Loom Works, the company builds and sells a broad range of vehicles and related products under the Toyota and Lexus brands. Toyota’s operations encompass vehicle design, manufacturing, parts supply, and distribution through a worldwide dealer network, as well as complementary businesses such as vehicle financing and mobility services.

The company’s product lineup includes passenger cars, SUVs, pickup trucks, light commercial vehicles and heavy-duty commercial vehicles, along with engines and vehicle components.